Back To 1995

  Chapter 893 Halfway up the mountain

  The latest issue of Forbes Fortune magazine in Song Yang's hand, on the cover is the old man smiling, as if he seems to be winning. After holding back for several years, Buffett made a comeback again.

This time the Internet industry plummeted. Buffett, who plays traditional investment and engages in value investment, has not been affected much. Instead, banking, oil, insurance, etc. have become safe-haven industries, and their stock prices have risen one after another. His worth also soared sharply!

Instead, it was the worth of Song Yang, Bill Gates and others. Because of the collapse of Internet stock prices, their worth began to fall rapidly. The media had previously estimated that Song Yang's worth could exceed US$100 billion. Now, seeing that the trend of the Internet is not right, a All the media have begun to follow suit.

  Song Yang's ranking this time was suddenly ranked third by Forbes. It is estimated that it is only less than 60 billion U.S. dollars, ranking below the Buffett and Walton families who are worth more than 80 billion U.S. dollars!

   But this ranking, Forbes also specially emphasized later, this ranking is limited to this special period of this year.

  Because although Internet stock prices have collapsed, Song Yang still has many non-Internet industries in his hands, but they have not shrunk much, and some are even more valuable, but they have not been listed, so it is difficult to estimate how valuable they are!

  Song Yang didn't care too much about the ranking, but seeing the performance of many media after the list was released, Song Yang couldn't help shaking his head.

At the beginning, the media were all praising Song Yang, but now, many of them are making insinuations, attacking the Internet as a whole, discussing why the Internet has become such a land, and the founder cashing out too much has become one of the "crimes". Anyway, everyone just shouts and beats Reservoir Dogs.

   After a few glances, Song Yang threw the magazine aside, couldn't help but smiled and asked Marcus, "Old Bronfman, want to sell ICQ stock to me?!"

  Marcus nodded, "The old Bronfman is sitting in New York now, dealing with this matter, looking for a buyer to take over the equity.

I heard that he specially brought people to San Jose to force Edgar Bronfman Jr. to sell a part of ICQ shares, but the stock price of ICQ collapsed too fast. Until now, the Bronfman family is expected to still Hold about 8% of ICQ shares! "

Marcus did not see that scene with his own eyes, but it has also become one of the famous scenes on the Internet. Edgar Bronfman Jr. was led by his father to sell ICQ stocks, and finally he was dejected by a group of bodyguards " "Escort" left the scene, but countless people saw it!

From that day on, Edgar Bronfman Jr. disappeared in front of the crowd and the media. His position as president of ICQ was thrown away by the old Bronfman before it was even warmed up. According to rumors, he was Man's bodyguard, brought back to Canada to face the wall, it is estimated that it will be difficult to run out again, and then make waves in America, after all, the huge Bronfman family is about to be completely defeated by him...

I have to say that Jiang is still old and hot. Old Bronfman is much more decisive than Edgar Jr., but manpower is no match for God's will. Edgar Bronfman Jr. really dared to dig a hole. Old Bronfman No matter how decisive you act, there is no way to recover from the avalanche of the Internet.

No matter how fast he ran, he only lost less than 3% of ICQ's equity, and the remaining 8% of ICQ's equity did not lose. It's not that the old Bronfman was unwilling to sell the equity, but he couldn't throw it away, and he didn't take the offer at all. As soon as it was thrown, ICQ's stock price plummeted!

Now ICQ has fallen into a "stalemate" stage. Several major ICQ shareholders want to run away. The Bronfman family, Comcast, Telephone and Telegraph, and General Electric all want to get rid of ICQ as a scapegoat and return the cash quickly, but I really can't get rid of it.

Now the major shareholders of ICQ maintain a delicate balance, just like several people are pointing guns at each other, no one dares to fire the first gun, they are afraid of sending themselves away, and they are all watching ICQ stock price It was falling bit by bit, but I didn't dare to sell it. Once I sold it, other major shareholders followed suit, and the stock price collapsed in an instant. It could have been sold for ten yuan, but now it can't be sold for one yuan...

   "Now is not the time to take back ICQ shares. The situation of AOL, Enron, WorldCom, and Andersen is unclear. Repurchasing ICQ shares is too risky!"

Greck, who was on the side, also said at this time that this avalanche of the Internet made him shudder. In just a few months, the Nasdaq index fell by half, and the market value of ICQ was like a roller coaster. From the highest point of 4300 The market value of 100 million US dollars, all the way to the current market value of 180 billion US dollars, is a bit shaky.

Greg couldn't imagine what would happen to them now if Song Yang hadn't cashed out and left the field with enough cash. Maybe they would become one of the crowd outside the gate of the club. Have fun now.

   "Take over the shares of the Bronfman family?!"

  Song Yang sneered, causing Greg and Marcus to suddenly thump.

   "Song, do you think ICQ's stock price will fall?!" Marcus couldn't help asking.

Even veterans in the industry feel that the Nasdaq's drop has been miserable enough. ICQ's current stock price is still a bit high, but after all, as a giant company, there are American Telecom, Comcast Television Network, NBC Group, ICNC TV, Universal Pictures, Universal Music and other high-quality industries, no matter what, it is impossible to drop the market value of 100 billion U.S. dollars, right? !

Song Yang shook his head, didn't make any predictions, just sighed, "Avalanches are often not a one-time event. The Internet, telecommunications and technology industries also have to undergo a thorough reshuffle. The current Nasdaq cannot accommodate Too many 100-billion-dollar giant companies!"

Hearing Song Yang's words, Greg and Marcus' expressions became more serious. They could hear the implication of Song Yang's words, that is, the current giant companies have to die in order to make this turmoil worse. Calm down...

   "Don't worry about the old Bronfman, tell him that the North American Global Investment Fund has no funds and can acquire the ICQ equity in the hands of the Bronfman family!"

  Song Yang is not going to take over the business for the Bronfman family. Of course, Song Yang will not do it if he takes the opportunity to make trouble and continue to blow up ICQ's stock price, although Song Yang is also itchy.

But that is really annoying. Wall Street institutions, Pension Funds of American States, Silicon Valley Venture Capital, overseas consortiums, leeks of all sizes around the world, including Comcast, Telephone and Telegraph Group, etc. The major shareholders have all been offended, so how can they mess around in the world in the future? !

However, Song Yang’s refusal to do this does not mean that no one else will. He was madly shorting NASDAQ happily, cutting leeks desperately, if Song Yang didn't make a move, Paulson would make a move for Song Yang, and ruined the pot of ICQ!

   After all, ICQ is a representative of Internet concept stocks and a constituent stock of the Nasdaq Index. What else can lower ICQ's stock price than shorting ICQ!

   "Marcus, Uncle Greg, North America Global Investment Fund, continue to raise cash, I need enough cash!

  Maybe, one day we will have to fight the short vultures on Wall Street again! "

  Song Yang said to the two of them that the short-selling institutions on Wall Street are cutting leeks, and Song Yang is also waiting for the opportunity to cut leeks, but he needs enough cash to do it. Picking Chinese cabbage also requires principal, right?

In a high-end apartment in Manhattan, the old grizzled old Bronfman rubbed his sour brows. Even if the old Bronfman didn't want to admit it, he couldn't help but lament that time is not forgiving. In the past, he could handle more than ten hours of official business a day , but now he doesn't have that energy at all.

Thinking of Edgar Bronfman Jr. who was sent back to his hometown in Canada by him, the old Bronfman couldn't help sighing. If he was dissatisfied with Edgar Jr., the old Bronfman would naturally itch his teeth, but he was more helpless. Old Bronfman knew that little Edgar was guilty of non-war crimes. Facing the gang of hungry wolves, tigers and old foxes in America, little Edgar acted too tender.

   "Bruno Song refused to buy back the ICQ shares held by the Bronfman family!"

  The old minister Bren Dyche, who was recruited back by the old Bronfman, reported to the old Bronfman.

  Hearing this news, the old Bronfman was not surprised, but just sighed deeply, "Continue to find other acquirers, as long as the other party is willing to acquire, the Bronfman family can sell this equity at a low price!"

  Bren Deitch heard this and couldn't help but ask, "Then at what price should we sell this stake, at ICQ's market value of $150 billion or..."

Old Bronfman said without hesitation, "No matter what the price is, it doesn't matter if it's 100 billion U.S. dollars, 80 billion U.S. dollars, or even 50 billion U.S. dollars. If you want to be quick, you must sell it as quickly as possible. This shareholding!"

Bren Deitch opened his mouth wide. He wanted to say that if it was sold at these prices, then after Edgar Jr. took over the Bronfman Group, the value of the Bronfman family may have shrunk by 80 to 90%. so much...

  Goldman Sachs headquarters, a large group of analysts and traders were busy, and the entire Nasdaq collapsed, but for Goldman Sachs, it didn't seem to be affected much, and many traders still showed smiles on their faces.

   "Bruno, he didn't take over the ICQ shares thrown out by the Bronfman family, Comcast Group, Telephone and Telegraph Group, and General Electric!"

  Pellet Greene, Paulson's confidant, stood respectfully in front of Paulson and reported to him.

The entire Wall Street is now in a state of chaos, and from time to time you can hear news of the bankruptcy of an institution or an investment bank. But for Goldman Sachs, Paulson has planned a strategy and started preparing to short Nasdaq early. Now Goldman Sachs not only has no losses, Instead, he made a lot of money. This month's income alone can almost catch up with last year's total income!

   Gently scoffed, Paulson looked at the various data in his hand, the Nasdaq's halved index, and the plummeting stock prices of major Internet giants. These are all his masterpieces.

Hearing that Song Yang didn't take over the offer and had no chance to get Song Yang again, Paulson couldn't help but sighed softly. He had always wanted to cut a handful of Song Yang's leeks, but Song Yang ran so fast that he couldn't help it. Paulson was a little helpless.

   But just sighed, Paulson didn't feel too regretful, he had more important things to do!

   The corner of his mouth pursed, Paulson looked like a bloodthirsty wolf, "Those greedy guys thought it was the end now, and wanted to buy the bottom?!"

With a sneer, Paulson said to Pellet Greene, "Tomorrow, continue to short Nasdaq, throw away all the shares held by Goldman Sachs in ICQ, Yahoo, and AOL Time Warner, and let the media continue to concoct The news of WorldCom and Enron made the public relations company push the Federal Department of Justice to launch an investigation into Arthur Andersen!

  This year, I want to let the Nasdaq index drop to 1100 points! "

  Listening to Paulson's order, even Pellet Greene couldn't help shivering.

  (end of this chapter)